35.—(1) Section 1225 (enforcement: general)(1) is amended as follows.
(2) In subsection (1)—
(a)in paragraph (b) omit “or”;
(b)at the end of paragraph (c) insert “or” and after that paragraph insert—
“(d)that a recognised supervisory body has not complied with an obligation imposed on it by or by virtue of the Statutory Auditors and Third Country Auditors Regulations 2016.”.
(3) In subsection (3), after “Schedule 11 (revocation of recognition orders)” insert “or the powers of the competent authority under regulation 3 of the Statutory Auditors and Third Country Auditors Regulations 2016.”.
Section 1225, 1225A-1225G was substituted for section 1225 by S.I. 2012/1741.